Tokio Marine Asset Management Co. Ltd. trimmed its stake in Terex Co. (NYSE:TEX) by 63.2% during the 4th quarter, Holdings Channel reports. The firm owned 35,800 shares of the industrial products company’s stock after selling 61,500 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Terex were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in TEX. PNC Financial Services Group Inc. lifted its holdings in shares of Terex by 4.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 262 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Terex by 9.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 102,734 shares of the industrial products company’s stock worth $3,853,000 after acquiring an additional 8,470 shares during the period. Stifel Financial Corp lifted its holdings in shares of Terex by 6.5% during the 2nd quarter. Stifel Financial Corp now owns 34,074 shares of the industrial products company’s stock worth $1,280,000 after acquiring an additional 2,065 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of Terex during the 2nd quarter worth about $235,000. Finally, AHL Partners LLP lifted its holdings in shares of Terex by 7.6% during the 2nd quarter. AHL Partners LLP now owns 77,063 shares of the industrial products company’s stock worth $2,890,000 after acquiring an additional 5,423 shares during the period. 96.63% of the stock is owned by institutional investors.

In other Terex news, VP Eric I. Cohen sold 10,121 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $49.90, for a total value of $505,037.90. Following the completion of the transaction, the vice president now directly owns 185,897 shares of the company’s stock, valued at $9,276,260.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mark I. Clair sold 3,014 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total transaction of $137,227.42. The disclosure for this sale can be found here. Insiders have purchased a total of 641 shares of company stock valued at $29,842 over the last three months. 2.50% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of Terex from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Terex from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday, October 11th. Bank of America reduced their price objective on shares of Terex from $42.00 to $40.00 and set an “underperform” rating for the company in a report on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Terex in a report on Wednesday, November 1st. Finally, Barclays assumed coverage on shares of Terex in a report on Tuesday, December 12th. They set an “equal weight” rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.71.

Terex Co. (NYSE:TEX) opened at $43.20 on Thursday. Terex Co. has a 1-year low of $28.67 and a 1-year high of $50.17. The stock has a market cap of $3,702.92, a PE ratio of 38.97, a P/E/G ratio of 1.73 and a beta of 1.71. The company has a current ratio of 2.42, a quick ratio of 1.53 and a debt-to-equity ratio of 0.71.

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Terex Profile

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

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Institutional Ownership by Quarter for Terex (NYSE:TEX)

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